MSC Income Fund, Inc., an externally managed business development company advised by Main Street Capital Corporation's subsidiary, announced on January 28, 2025, the pricing of its public offering of 5,500,000 shares of its common stock at $15.53 per share.
The shares are expected to begin trading on the New York Stock Exchange on January 29, 2025, under the ticker symbol "MSIF." The underwriters were also granted an option to purchase up to an additional 825,000 shares to cover overallotments.
MSC Income Fund intends to use the net proceeds from this offering to repay outstanding debt under its credit facilities. Following debt repayment, funds will be re-borrowed to make new investments, cover operating expenses, and for general corporate purposes.
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